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Med in Israel
Med in Israel
Offering Israel’s Knowledge and Technologies to the World’s Health and Medical Device Eco-System Israel is well known for its innovative medical device industry and this sector has been steadily growing in the last three decades. Some 40 new companies are formed each year and today there are over 1,200 active life science companies. In a relatively short period of time, an impressive 34 percent of these companies are already generating revenues. It seems that Israel’s entrepreneurial ecosystem was able to create opportunities for start-ups to become advanced, commercially viable and promising businesses, while introducing creativity and innovation into the field. Furthermore, one of Israel advantages in that field is the interdisciplinary approach that combines scientists and engineers from different fields, who have integrated advanced technologies in electronics, communications and electrooptics to develop world-class innovations in Digital Imaging, Medical Lasers, Telemedicine, Early Diagnostic and Smart Surgical equipment and more. “As proof of the industry’s development, last year life science exports reached $8 billion, growing steadily since 2008”, says Angela Rabinovich, Director of Life Science Department at the Israel Export Institute, who is the organizer of the Biennial Medical Devices & HIT Conference, to be held on March 06-09, 2017, at the Tel Aviv Convention Center in Israel. The conference is organized in cooperation with the Ministry of Economy and Industry, the Ministry of Health and the Ministry of Foreign Affairs. “There is no other country in the world that can display such a concentration of medical device and healthcare information technology companies”, she adds. “We are talking about companies rooted in top international academic and research institutions; staffed by highly educated and skilled teams; operating within entrepreneurial and audacious goals offering a variety of innovative medical solutions and technologies that answer today’s healthcare challenges such as: lowering the overall healthcare costs and meeting the world’s evolving needs of aging populations, while creating significant investor value. “The issue of aging population, for example, imposes a heavy burden on the health systems in the West since the treatment of chronic and degenerative diseases is a long-term and costly challenge. The issue also weighs heavily on developing countries that are in the midst of transition from a focus on infectious diseases that were characteristic of the developed world 46
Infomedix International | 1 2017
in the past to modern health services and infrastructures in the present time. In many places of the world, such as Africa, we are talking about improving the infrastructure of basic medical service providers, while dealing with the lack of professionals in the field. It is clear that the world needs better health services and that modern and computerized equipment can support that end”. “In a broader sense, we are talking also about Wearable devices and mApps to gather Data Assets and Artificial Intelligence to make sense of it; Sensitive Data Protection by the Israeli Cyber community known as the best in the world; amazing Point of Care Diagnostic tools; Virtual and Augmented Reality for Training,Treatment & Rehabilitation; technologies to improve Hospital Efficiency; power of multi-disciplinary advances Manufacturing Solutions and more”. What is the Main Purpose of the Upcoming Conference? “We would like to exhibit our strengths and capabilities in the various sub-sectors of medical device and HealthCare IT field to HealthCare IT providers and integrators, hospital directors and managers who are responsible for the procurement and purchase of medical supply, from all over the world, and to all of those who engage in the health and medical device industry. I believe we have much to offer them since many of our technologies can provide solutions to the challenges facing the health systems today, such as the longevity of a population, the growing demand for personal medicine, the need for better efficiency of hospital management and the streamlining of the functioning of hospitals, the need for precise and early diagnosis, etc.” The last day of the conference is devoted to Professional Tours at leading Israeli Hospitals with cutting edge of Medical Excellence! What are the Main Markets you are Targeting? The US, of course, is a dominant market for us, mainly in the fields of medical computing and software that can collect and analyze information from various sources and also in the field of cybersecurity solutions. Vis-à-vis Europe, we would like to focus on solutions for the aging population and also on services that apply for the developing market of Participatory Medicine / Hyper Connected Patient and Consummation of HealthCare services, in which the patient himself decides on the proper medical treatment. For Latin America we would like to offer means that provide accessibility to modern health services for verity of degenerative and chronic diseases. With reference to Asia Pacific region, we would like to focus also on personalized medicine”.